Mon, 18 August
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

External debt of Armenia’s banks and credit organizations fetches up $1041.6 mln in 2Q

YEREVAN, September 4. /ARKA/. The external debt of the commercial banks and credit organizations  in Armenia  rose by 19.6%  to $1041.6 million as of the second quarter 2012 versus $871 million from a quarter earlier.

According to the Central Bank of Armenia, the banks and the credit organizations of Armenia borrowed  $ 713.6 million in the second quarter. At the same time, the commercial banks and credit organizations directed $ 531.6 million to the external debt service.
According to the source, within the reported period the principle creditors for Armenia were Russia (21.9% share against 12.2% in 1Q), Luxembourg – 9.1% against 11.3%, Germany- 6.3% against 7.0%. Moreover, the international organizations injected 31.8% of credits.

An average weighted interest rate for the attracted loans rose by 6.1% in 2Q from a quarter earlier.
Nearly 44.8% of the foreign credits have LIBOR, EURIBOR rate, with 4.7-year maturity period. At the same time, the share of short-term credits increased to 10.3% of the attracted credits. —0–

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img